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11 Mar, 2019
Any financial institution with an obligation to report under the Foreign Account Tax Compliance Act (FATCA) or the Common Reporting Standard (CRS) will be interested in some tips and reminders for this Automatic Exchange of Information (AEoI) season...
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13 Nov, 2017
Hong Kong has enacted CRS and specified 75 jurisdictions with which financial account information is to be exchanged starting from 2018. The first reporting period however falls into 2017 and for UK and Japanese account holders...
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13 Nov, 2017
Oscar Wilde's characters quipped in multiple instances that "when good Americans die they go to Paris," while bad Americans stay in America. Wilde commented elsewhere about taxes, but he probably did not contemplate the irony...
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18 Oct, 2017
There are some cash flow planning opportunities for foreign persons (Non-U.S. Persons) who maintain for the purpose of retirement the custodian of their ORS Hong Kong Government regulated, registered and Foreign Act Tax Compliance Act...
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03 Aug, 2017
Lack of efficient ways to receive financial information from foreign countries has been a serious obstacle to the government's desire to impose tax on residents' income received and stored abroad...
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30 Jun, 2017
On 20 June 2017, the Cyprus Tax Department published guidance notes in relation to Automatic Exchange of Financial Account Information (the Notes). The Notes provide up to date guidance on important issues related to the different reporting regimes...
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30 May, 2017
When it comes to trusts, New Zealand (NZ) and the United States of America (US) are remarkably similar, as they appear to be the only OECD countries, with recognizable "foreign trust" regimes...
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05 May, 2017
The world is finding its equilibrium - The beginning of a new era of lower taxation, deregulation and sensible compliance - global tax trends and the impact on small island nations...
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14 Feb, 2017
The US is the only developed country that taxes based on citizenship rather than residence. This means that if you are a US citizen, you are liable to report your worldwide income and pay US taxes on it, wherever in the world you live...
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10 Aug, 2015
All US citizens and green card holders have to submit an annual tax return to the IRS no matter where they live, and since the FATCA law was passed in 2010, US expats are also obliged to declare their foreign income and assets...
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